As Naira appreciates, Bureau de Change operators lose N130 million in one week – Official
The Naira traded at N440 last Monday while it closed at N390 to the dollar on Friday.
Fraudulent Nigerian oil firm is “virtually broke”, owes millions of dollars – NNPC
The company was earlier convicted for subsidy fraud and its owners were sentenced to 10 years in prison each.
Addax Petroleum CEO arrested over Nigeria operation
The CEO is being investigated for alleged wrongdoing.
Nigeria, Morroco fertilizer deal creates 50,000 jobs — NNPC boss
Morocco has already shipped a cargo of phosphate to Nigeria.
Crude Oil Swap: Firms agree to pay $184 million to Nigerian govt
The companies under-delivered fuel over a period of time.
World Bank approves $200 million loan for Nigeria to boost Agriculture
The loan is to support small and mid-scale farmers.
AU Set On Making African Businesses More Responsive To Human Rights
The consideration and validation of the draft of the Policy Framework was the subject of a gathering of over 50 participants.
Court fixes date for ruling on Arik Air’s AMCON takeover
A lawyer representing AMCON is accused of professional misconduct.
Buhari appoints new executives for Nigeria’s Bank of Agriculture
The new heads include an interim managing director and other executive directors.
Arik ‘resolves’ industrial disputes, resumes flight operations
The NCAA brokered a peace meeting held Thursday evening.
Forex: Central Bank injects fresh $100 million into interbank market
“We the dealers are anxious to dispose whatever we have at our disposal, because we do not want to suffer a loss.”
Dollar records further loss, sells for N390 at parallel market
The last time the naira traded at between N390 and N400 to the dollar at the parallel market was in August 2016.
Stanbic IBTC announces 59 per cent improved earnings for 2016
“The strong growth was driven by a 78 per cent increase in retail fees to N14.3 billion.”
AMCON condemns workers’ union over Arik airline shutdown
Aviation unions had in the early hours of Thursday shut down the operations of Arik Air.
Merits, defects of Nigeria’s economic recovery, growth plan – Experts
The Federal Government unveiled the National Economic Recovery and Growth Plan two weeks ago.
Cadbury Nigeria Plc announces N562 million loss for 2016
The company’s revenue for 2016 stood at N29.9 billion, as against N27.8 billion posted last year.
Nigerian firm gets South African govt. sponsorship
The firm is amongst the chosen four chosen by South Africa.
Abuja Airport closure: FirstNation seeks compensation
The Abuja airport was closed for six weeks.
Buhari approves new board members for Nigeria’s sovereign wealth agency
The new board will be chaired by Olajide Zeitlin.
Atedo Peterside resigns as Stanbic IBTC Bank Chairman
His resignation takes effect from March 31.
Naira continues rise against dollar, sells N420-N430 per dollar
The Naira remained stable at the interbank market, exchanging at N307.50 to a dollar.